The future of green energy in Georgia
About Us
Our Approach
GDA Green Energy was established in 2020 by several energy and finance professionals with over 20 years of extensive experience in the renewable energy and capital markets in both Georgia and internationally
We at GDA strongly believe in the future of renewable energy in Georgia, which should replace both fossil fuel power plants as well as Soviet era power plants. We are therefore looking for both green and brownfield projects that we will be looking to develop solely or jointly with our partners. Ecological and community impact will remain our key priorities when evaluating and developing renewable projects.
Georgia has more than 20,000 rivers and almost 300 of them provide excellent opportunity for hydropower generation. Georgia is one of the top countries in terms of water resources per capita and it is logical that today about 80% of total electricity is generated from Hydro Power.
The abundance of small rivers provides an excellent opportunity to develop smaller environment and community friendly over-the-river plants.
All new hydro power plants are fully deregulated. HPPs with installed capacity of 13MW or less do not require generation license and HPPs that have installed capacity of 2 MW or less don't need environmental impact permit either. Additionally, license for export are not required.
The abundance of small rivers provides an excellent opportunity to develop smaller environment and community friendly over-the-river plants.
All new hydro power plants are fully deregulated. HPPs with installed capacity of 13MW or less do not require generation license and HPPs that have installed capacity of 2 MW or less don't need environmental impact permit either. Additionally, license for export are not required.
Hydro Power
Due to the geographical location of Georgia, the emanation of the Sun is rather high. In most regions of the country, there are 250-280 sunny days in a year, which is approximately 1,900-2,200 hours per year. The annual radiation of the Sun varies depending on regions from 1,250-1,800 KWh/m2, while the average sun radiation equals 4.2 KWh/m2.
While there are currently no large solar power projects completed in Georgia, we believe Solar Power will inevitably become a significant part of the Georgian energy market.
While there are currently no large solar power projects completed in Georgia, we believe Solar Power will inevitably become a significant part of the Georgian energy market.
Solar Power
Georgia offers an attractive opportunity for investments in wind power plants. Wind potential of Georgia is estimated at 4 TWh.
While there is only one currently operational wind farm in Georgia to date, we see great opportunity to develop new wind projects in the country, both big and small. The success story of Qartli wind farm, which was first wind power plant project in Georgia, in the area of Gori and Kareli municipalities, with installed capacity of 20.7 MW and annually generated electricity equivalent to 84 100 000 mln kWh, will serve a great example for future wind projects in Georgia.
Given the unique Georgian wind resource, we believe wind energy is a perfect way to substitute energy produced from fossil fuels as well as reduce Georgia’s reliance on energy imports.
While there is only one currently operational wind farm in Georgia to date, we see great opportunity to develop new wind projects in the country, both big and small. The success story of Qartli wind farm, which was first wind power plant project in Georgia, in the area of Gori and Kareli municipalities, with installed capacity of 20.7 MW and annually generated electricity equivalent to 84 100 000 mln kWh, will serve a great example for future wind projects in Georgia.
Given the unique Georgian wind resource, we believe wind energy is a perfect way to substitute energy produced from fossil fuels as well as reduce Georgia’s reliance on energy imports.
Wind Power
Wind Power
Solar Power
Hydro Power
Target Projects
Wind Power
Georgia offers an attractive opportunity for investments in wind power plants. Wind potential of Georgia is estimated at 4 TWh.
While there is only one currently operational wind farm in Georgia to date, we see great opportunity to develop new wind projects in the country, both big and small. The success story of Qartli wind farm, which was first wind power plant project in Georgia, in the area of Gori and Kareli municipalities, with installed capacity of 20.7 MW and annually generated electricity equivalent to 84 100 000 mln kWh, will serve a great example for future wind projects in Georgia.
Given the unique Georgian wind resource, we believe wind energy is a perfect way to substitute energy produced from fossil fuels as well as reduce Georgia’s reliance on energy imports.
While there is only one currently operational wind farm in Georgia to date, we see great opportunity to develop new wind projects in the country, both big and small. The success story of Qartli wind farm, which was first wind power plant project in Georgia, in the area of Gori and Kareli municipalities, with installed capacity of 20.7 MW and annually generated electricity equivalent to 84 100 000 mln kWh, will serve a great example for future wind projects in Georgia.
Given the unique Georgian wind resource, we believe wind energy is a perfect way to substitute energy produced from fossil fuels as well as reduce Georgia’s reliance on energy imports.
Solar Power
Due to the geographical location of Georgia, the emanation of the Sun is rather high. In most regions of the country, there are 250-280 sunny days in a year, which is approximately 1,900-2,200 hours per year. The annual radiation of the Sun varies depending on regions from 1,250-1,800 KWh/m2, while the average sun radiation equals 4.2 KWh/m2.
While there are currently no large solar power projects completed in Georgia, we believe Solar Power will inevitably become a significant part of the Georgian energy market.
While there are currently no large solar power projects completed in Georgia, we believe Solar Power will inevitably become a significant part of the Georgian energy market.
Hydro Power
Georgia has more than 20,000 rivers and almost 300 of them provide excellent opportunity for hydropower generation. Georgia is one of the top countries in terms of water resources per capita and it is logical that today about 80% of total electricity is generated from Hydro Power.
The abundance of small rivers provides an excellent opportunity to develop smaller environment and community friendly over-the-river plants.
All new hydro power plants are fully deregulated. HPPs with installed capacity of 13MW or less do not require generation license and HPPs that have installed capacity of 2 MW or less don't need environmental impact permit either. Additionally, license for export are not required.
The abundance of small rivers provides an excellent opportunity to develop smaller environment and community friendly over-the-river plants.
All new hydro power plants are fully deregulated. HPPs with installed capacity of 13MW or less do not require generation license and HPPs that have installed capacity of 2 MW or less don't need environmental impact permit either. Additionally, license for export are not required.
Target Projects
Tbilisi
Inland areas
Average Sunshine (hours)
Average Sunshine (days)
Wind Speed (km/h)
Wind Direction
Average Precipitation (mm)
Average Precipitation (days)
Average Temperatures (Min)
Average Temperatures (Max)
Average Sunshine (days)
Wind Speed (km/h)
Wind Direction
Average Precipitation (mm)
Average Precipitation (days)
Average Temperatures (Min)
Average Temperatures (Max)
8
181
8.7
N, NW
560
136.6
24.4
0.9
181
8.7
N, NW
560
136.6
24.4
0.9
Eastern Georgia
Average Sunshine (hours)
Average Sunshine (days)
Wind Speed (km/h)
Wind Direction
Average Precipitation (mm)
Average Precipitation (days)
Average Temperatures (Min)
Average Temperatures (Max)
Average Sunshine (days)
Wind Speed (km/h)
Wind Direction
Average Precipitation (mm)
Average Precipitation (days)
Average Temperatures (Min)
Average Temperatures (Max)
8
171
9.1
W, SW
1000–4000
177
22–26
4–5
171
9.1
W, SW
1000–4000
177
22–26
4–5
Western Georgia
Average Sunshine (hours)
Average Sunshine (days)
Wind Speed (km/h)
Wind Direction
Average Precipitation (mm)
Average Precipitation (days)
Average Temperatures (Min)
Average Temperatures (Max)
Average Sunshine (days)
Wind Speed (km/h)
Wind Direction
Average Precipitation (mm)
Average Precipitation (days)
Average Temperatures (Min)
Average Temperatures (Max)
8
218
10.3
E, NE
400–1600
133
20–24
2–4
218
10.3
E, NE
400–1600
133
20–24
2–4
Inland areas
Tbilisi
Eastern Georgia
Western Georgia
Georgia’s nature and climate
Tbilisi
Inland areas
Average Sunshine (hours)
Average Sunshine (days)
Wind Speed (km/h)
Wind Direction
Average Precipitation (mm)
Average Precipitation (days)
Average Temperatures (Min)
Average Temperatures (Max)
Average Sunshine (days)
Wind Speed (km/h)
Wind Direction
Average Precipitation (mm)
Average Precipitation (days)
Average Temperatures (Min)
Average Temperatures (Max)
8
181
8.7
N, NW
560
136.6
24.4
0.9
181
8.7
N, NW
560
136.6
24.4
0.9
Eastern Georgia
Average Sunshine (hours)
Average Sunshine (days)
Wind Speed (km/h)
Wind Direction
Average Precipitation (mm)
Average Precipitation (days)
Average Temperatures (Min)
Average Temperatures (Max)
Average Sunshine (days)
Wind Speed (km/h)
Wind Direction
Average Precipitation (mm)
Average Precipitation (days)
Average Temperatures (Min)
Average Temperatures (Max)
8
171
9.1
W, SW
1000–4000
177
22–26
4–5
171
9.1
W, SW
1000–4000
177
22–26
4–5
Western Georgia
Average Sunshine (hours)
Average Sunshine (days)
Wind Speed (km/h)
Wind Direction
Average Precipitation (mm)
Average Precipitation (days)
Average Temperatures (Min)
Average Temperatures (Max)
Average Sunshine (days)
Wind Speed (km/h)
Wind Direction
Average Precipitation (mm)
Average Precipitation (days)
Average Temperatures (Min)
Average Temperatures (Max)
8
218
10.3
E, NE
400–1600
133
20–24
2–4
218
10.3
E, NE
400–1600
133
20–24
2–4
Georgia’s nature and climate
Georgia At A Glance
Investor friendly economy with strategic location at the gateway of trade between Europe and Asia
Key Achievements*
Key Numbers
Population:
3.7 mn
GDP (2019):
USD 17.7 bn
GDP per capita (2019):
USD 4.8 k
Average real GDP growth (2012–2019):
4.4%
2019 Real GDP Growth (YoY):
5.1%
Globally in Open Budget Index
Globally on Ease of Doing Business
On Starting a Business
In Protecting Minority Investors
In Enforcing Contracts
Globally in Open Budget Index
Globally in Open Budget Index
#
12
1
7
12
5
7
2
#
#
#
#
#
#
*Sources: GeoStat; NBG; Rating Agencies
Georgia Energy Market
Growing demand for electricity market transformation
Average electricity consumption growth per annum, 2013–2020
3.1
10.1
3.3
Energy Deficit for 2020
Import of electricity more than tripled during the last 9 years.
In 2020, import of electricity increased 3.3 times compared to 2013. The deficit gap is expected to double within next five years.
In 2020, import of electricity increased 3.3 times compared to 2013. The deficit gap is expected to double within next five years.
%
%
X
The grid is capable of adding as much as
900+ MW
1.7GW+
of wind and solar renewable energy projects by 2025
of wind and solar renewable energy projects by 2030
Market Trends Overview
Electricity consumption is growing faster than generation
Electricity consumption and supply in TWH
New efficient capacity required to offset the trends Renewables are in the sweet-spot
Highly seasonal generation and uniform consumption create a growing need for import
Generation 2020
Generation 2030 (target)
Renewable Energy Policy
Georgia offers growing opportunities for Renewable Energy Generation Market
1.5
of renewable installed capacity to be constructed over the next decade
GW+
of the final electricity consumption should consist of the energy received from the renewable energy sources
As part of the Association Agreement between Georgia and EU, and the Energy Policy of Georgia, the country has committed to have the majority of its electricity produced by wind, solar and small hydro sources
Law of Georgia on Promotion the Production and Use of Energy Collected from Renewable Sources –In force from December 2019
A National Renewable Energy Action Plan (2019–2020) –Approved: October 2019
New government auctions for solar and wind are expected to take place in 2021–2023
Law of Georgia on Promotion the Production and Use of Energy Collected from Renewable Sources –In force from December 2019
A National Renewable Energy Action Plan (2019–2020) –Approved: October 2019
New government auctions for solar and wind are expected to take place in 2021–2023
Target for 2030:
35
%
Commitment to Energy market transformation
Georgia signed Deep and Comprehensive Free Trade Area agreement in 2011
Member of the EU Energy Community since 2017
Georgia has a commitment to follow free and fair market policies and launch day-ahead market from 2021
Within 3-4 years, Georgia is expected to trade its electricity via ENTSO-E — common power grid of the EU countries
From 2021 Georgia is expected to launch free day-ahead electricity market with supporting balancing mechanism
New built renewable energy projects will be granted feed-in tariff mechanism
Member of the EU Energy Community since 2017
Georgia has a commitment to follow free and fair market policies and launch day-ahead market from 2021
Within 3-4 years, Georgia is expected to trade its electricity via ENTSO-E — common power grid of the EU countries
From 2021 Georgia is expected to launch free day-ahead electricity market with supporting balancing mechanism
New built renewable energy projects will be granted feed-in tariff mechanism
Investor Friendly Market
Market is split in generation, transmission and distribution services, with distribution network privately owned
Direct contracts among participants are allowed
Electricity generators below 30 MW (renewable energy sources) are free to sell to customers of any size
Export does not require specific license or permit
Georgia can export and import electricity from neighboring Turkey, Russia, Azerbaijan and Armenia
Direct contracts among participants are allowed
Electricity generators below 30 MW (renewable energy sources) are free to sell to customers of any size
Export does not require specific license or permit
Georgia can export and import electricity from neighboring Turkey, Russia, Azerbaijan and Armenia
Taxation
6 Flat taxes
3rd least tax burden country, with 9.9% total tax rate (World Bank Group)
Special favorable tax regims
0% tax on reinvested profit
No corporate income tax on retained and reinvested profit; profit tax applies only to distributed earnings
Double Taxation Avoidance Treaties with 56 countries
Double Taxation Avoidance Treaties with 56 countries
Publications
GDA DanRe Signs Strategic Memorandum Securing Technical Framework for Planned 80 MW Wind Project in Georgia
Tbilisi, Georgia, 12th of May, 2026 — GDA DanRe has signed a Memorandum of Understanding with JSC Georgian State Electrosystem (GSE) and a group of renewable energy developers in Georgia regarding the joint development of the strategic “Urbnisi 220/110/35” project substation and related transmission infrastructure in Georgia.
20.05.2026
author(s)
Jaba Burjaliani
GGU, with the help of TBC Capital, places US$ 250 million International Green Bonds
28.06.2021
GDA DanRe Signs Strategic Memorandum Securing Technical Framework for Planned 80 MW Wind Project in Georgia
28.06.2021
Energy Sector Overview:
Charging Forward
Charging Forward
31.05.2021
Georgia 2020
Energy Policy Review
Energy Policy Review
10.06.2021
Ivest in Georgia
Why Invest in Energy
Why Invest in Energy
2021
Georgia Security of Supply Statement in Electricity Sector
The main law regulating the energy sector of Georgia is the Georgian Law on Energy and Water Supply (hereafter The Energy Law). The Energy law, implementing related EU regulations into Georgian legal framework, was adopted by the Parliament of Georgia on December 20, 2019.
21.06.2021
author(s)
Eva Bochorishvili,
Mariam Chakhvashvili
Mariam Chakhvashvili
Contact Information
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